All the headlines from our Liberty Mutual Topic Page, ordered by recency.
May 23 2003 // Boston-based Liberty Mutual Group has signed a definitive agreement to acquire Prudential Financial Inc.’s U.S. personal lines property/casualty operations in 47 states, excluding its New Jersey, specialty auto and...
May 20 2003 // Seattle-based Safeco announced that claims stemming from the recent string of Midwest and Southern tornadoes, added to losses from violent hailstorms in Texas earlier in the quarter, are estimated at nearly $90 million in...
Apr 28 2003 // Safeco reported first-quarter net income of $90.0 million, or $0.65 per diluted share in a release today. The numbers mark a significant improvement over the same period in 2002, when Safeco generated net income of $63.6...
Apr 21 2003 // A.M. Best Co. downgraded the financial strength rating to “A” (Excellent) from “A+” (Superior) of Liberty Mutual Insurance Cos., based in Boston, Mass. Also downgraded was the financial strength...
Apr 16 2003 // DiversityInc unveiled its list of America’s most inclusive companies, with Seattle-based Safeco earning the sixth-highest honor. In last year’s ranking of top-50 companies, Safeco placed...
Mar 24 2003 // Have we finally arrived at the point where the economy is a critical factor in personal automobile insurance?Not quite but it is my opinion that we are closing in. Although insurance company annual statements do not...
Mar 24 2003 // InsuranceNoodle has signed an agreement with Safeco Insurance Corp. to distribute its small-commercial insurance products to more than 3,600 independent commercial agencies using the InsuranceNoodle platform. “By...
Mar 11 2003 // A.M. Best Co. has downgraded the financial strength rating to A (Excellent) from A+ (Superior) of Liberty Mutual Insurance Companies (Liberty Mutual) (Boston).A.M. Best has also downgraded the financial strength rating to...
Jan 29 2003 // Moody’s Investors Service has assigned Baa1 ratings to two issues of senior unsecured debt of SAFECO Corporation and has affirmed the company’s ratings with a stable outlook.Moody’s assigned its Baa1...
Dec 12 2002 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved a rate change for private passenger automobile insurance filed by Liberty Mutual Group.The statewide average change of -0.3 percent for Liberty Mutual Fire...
Dec 9 2002 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved a rate change for private passenger automobile insurance filed by Liberty Mutual Group. The statewide average change of -0.3 percent for Liberty Mutual Fire...
Nov 27 2002 // Boston-based Liberty Mutual Group announced that its subsidiary, Liberty International, has signed an agreement to acquire Winterthur’s Portuguese business units and branch offices, including its subsidiary companies...
Oct 14 2002 // The 2001 premium and loss data for Texas verifies everything you heard from the insurance companies — it was a really bad year. Here are the highlights in review: • Texas accounts for 7 percent of the national premium...
Jun 10 2002 // Like most insurance companies, the soft market took its toll on Safeco.While the property and casualty side of the business continued to suffer losses that resembled the gross national product of some Latin American...
May 31 2002 // Standard & Poor’s announced that it has assigned its single-‘A’-plus financial strength rating to Liberty Mutual Insurance Co. (UK) Ltd. (LMUK) “based on an explicit guarantee of LMUK’s...
Mar 29 2002 // Liberty Mutual has licensed ISO Claims Outcome AdvisorTM COA ™, a bodily injury claims management tool, from Insurance Services Office, Inc. (ISO) to help the company manage its personal auto bodily injury claims. COA is...
Dec 21 2001 // While the Seattle Mariners made a huge leap on the baseball diamond this past season, the cost to insure Safeco Field tripled.According to a report in The Seattle Times, over a three-year period, the annual premium on a...
Dec 21 2001 // Standard & Poor’s announced that it had lowered its rating on Liberty Mutual Insurance Co. and most of its operating entities – for the most part from double-‘A’-minus to...
Nov 13 2001 // Liberty Mutual Group announced that policyholders of Liberty Mutual Insurance Company and Liberty Mutual Fire Insurance Company have overwhelmingly approved the company’s mutual holding company plan during special...
Nov 5 2001 // Liberty Mutual Group and OneBeacon, a wholly owned subsidiary of White Mountains Insurance Group Ltd., reached a definitive agreement regarding a previously announced partnership transfering business and operations in 42...